The percentage of the StopLoss is referred to the Buy price?
I ask it becouse i think about this situation:
1-My bot are working, it had bought some coins (example at 1$) and it is waiting that the price rise to sell (example at 1.20$)
The current value of the coin in the example il 0.90$
2-i want to activate the stop loss and i compile with 8 (meaning stop loss al -8%)
Will the bot sell immediately the coins becouse now it is yet over -8%? (1$-8%=0.092$)
I think that the StopLoss is referred to the Buyprice, but i want to be sure

Thank you